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China's forex reserves highly liquid, central bank official

BEIJING
2015-10-29 16:57

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Chine's foreign exchange reserves are highly liquid and very safe and are capable of giving dependable support to central bank's operations in foreign-exchange market, according to Yin Yong, assistant governor of the People's Bank of China.

At a forum on Thursday, the official also ensured the validity of China's forex reserve figures, saying that calculations are totally in line with International Monetary Fund standards.

Official data showed that China's forex reserves fell to 3.51 trillion U.S. dollars at the end of September, compared with USD3.84 trillion by the end of 2014.

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